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18 of 151 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 27.03% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.03 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 6.08% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in HDFC | in Nippon |
|---|---|---|
| HDFC BankBanks | 6.48% | 6.08% |
| ICICI BankBanks | 8.83% | 3.66% |
| Axis BankBanks | 6.84% | 3.17% |
| State Bank of IndiaBanks | 4.22% | 2.49% |
| Larsen & ToubroConstruction | 3.55% | 2.24% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.79% |
| EternalRetailing | 2.73% | 1.33% |
| HCL TechnologiesIT - Software | 2.47% | 1.16% |
| InfosysIT - Software | 1.32% | 1.02% |
| BoschAuto Components | 1.10% | 0.88% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 0.52% |
| Varroc EngineeringAuto Components | 0.60% | 0.52% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.49% |
| CIE Automotive IndiaAuto Components | 0.44% | 0.80% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.73% |
| Tata SteelFerrous Metals | 1.30% | 0.24% |
| FSN E-Commerce VenturesRetailing | 0.80% | 0.22% |
| Kalpataru Projects InternationalConstruction | 0.59% | 0.16% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.